More magazines by this user. Close Flag as Inappropriate. You have already flagged this document. Thank you, for helping us keep this platform clean. The editors will have a look at it as soon as possible. Delete template? Cancel Delete. Cancel Overwrite Save. Don't wait! Try Yumpu. Start using Yumpu now! Ans: True Page: 41 Ans: False Page: Ans: innovation Page: 28 The is often used to illustrate the difference in which the performance achieved by new innovation is plotted against time.
Ans: S-curve Page: 29 Usually, improvements can be made with innovations, pushing the original curve higher. Ans: incremental Page: 29 The term is often used to describe innovations that disrupt the status quo.
Ans: disruptive innovation. Ans: Patents Page: 36 Many new companies are built around a disruptive or Ans: breakthrough Page: A window of opportunity is a during which opportunities exist before something else happens to eliminate them.
Ans: time horizon Page: 38 Ans: Opportunity costs Page: A n charts the current and future components of the business in about thirty to forty pages. Ans: business plan Page: 41 Sufficient is required to sustain the company for a specific length of time, possibly a one- or two-year period. Ans: capital Page: Technology b. Trade c. Venture capital d. International Ans: C Page: A product life cycle is continually: a. Incremental innovation means that: a. A start-up company grows slowly.
Improvements are made on existing products and services. Innovation is only applied to the way that things are made. It is the safest strategy for a start-up to follow.
Ans: B Page: 29 Radical or disruptive innovation means that: a. Nothing from the past is retained. It applies only to products. It changes the rules of competition. It is too risky for a start-up to follow.
Ans: C Page: 29 Which of the following is not on the list of some important innovations by U. GPA b. Airplane c. Zipper d. Heat sensor Ans: A Page: All of the following are ways to build upon already existing material and still provide a profit-driven concept except: a. Market the product at a higher price. Add value to an existing product or service. Develop or redesign a new version of an existing product.
Develop ideas as an extension or redesign an existing service. Ans: A Page: 36 There are more than patents issued in the United States. Only about commercialized. Of the five phases of success, which one is where the opportunity would be seized: a. Phase 1 b. Phase 2 c. Phase 3 d. Phase 4 Ans: A Page: 37 Which of the following is not a technology factor: a. Industry standards b. Niche market applications c. Infrastructure replacement d. Technology generation Ans: D Page: 38 Which of the following is not an economic factor?
Better service b. Productivity gains c. Market changes d. Government and privacy issues Ans: C Page: Of the five phases of success, which one is Phase 2? Develop the Plan b. Manage the Business c.
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